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Exercise 20-15 Blue Company provides the following selected information related to its defined benefit pension plan for 2017. Pension asset/liability (January 1) $25,800 Cr. Accumulated benefit obligation (December 31) 403,900 Actual and expected return on plan assets 9,900 Contributions (funding) in 2017 149,900 807,900 Fair value of plan assets (December 31) Settlement rate 10% Projected benefit obligation (January 1) 695,200 Service cost 80,790 Compute pension expense. Pension expense for 2017 Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2017. Preparation of a pension worksheet is not required. Benefits paid in 2017 were $21,300. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Debit Account Titles and Explanation Credit SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Indicate the pension-related amounts that would be reported in the company's income statement and balance sheet for 2017. Blue Company Income Statement (Partial) Blue Company Balance Sheet (Partial) Click if you would like to Show Work for this question: Open Show Work

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